“Make no mistake that if you destroy credit in an economy, everyone’s going to go down, because even if you have globs of cash — your business doesn’t need outside capital — but if your customers are getting hurt you’re not going to have sales — we (customers) depend on credit … what the Federal Reserve should do is not slam on the brakes … what they should do, but they won’t, is float interest rates, stop trying to guess the markets on interest rates, they have no more idea where interest rates are going to go than you and me.”

I think the Internet is improving literacy in regards to such matters. However it will take a generational change before new thinking takes root in the halls of power. We are in the midst of a revival in which old ideas are new again and current ideas are being challenged. The Internet age of engaged learning is displacing the TV age of passive learning. There is a lot of reason to be hopeful that the age of central banks is entering it’s home stretch. However I doubt that leadership on this matter will come from the USA.

It seems that there is a report about today that GetUp is financially backed by the CFMEU. Of course, that would be a no brainer. The most radical and dangerous trade unions have been funding the Greens for years. See … Continue reading →

Dan Mitchell reports from DC. Just regulate it! And in France. According to the IEA, France is sitting on 80% of Europe’s frackable gas – enough to keep the country self-sufficient in energy for centuries. But the Macron government has … Continue reading →

Bold Green solutions. Make Australia a renewable superpower! 200% renewable energy!! These ideas are popular. They’re doable. They’re right at our fingertips. All we need is the political will. Just do it!!!